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Vanyuwa [196]
3 years ago
8

A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What

is the amount of revenue realized from the sale?
Business
1 answer:
skad [1K]3 years ago
8 0

Answer:

$0

Explanation:

The amount of revenue realized from the sale=

(number of shares purchase × cost) - (number of shares sold ×cost)

(1000×10) - (500×20)

= $(10000 - 10000)

= $0

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3 years ago
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be ear
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Answer:

Cost-volume-profit analysis.

Explanation:

An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is cost-volume-profit analysis. It is an important tool in accounting that is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating financial statements, both income and net income. It is also an accounting concept known as the break even analysis.

In order to use this cost-volume-profit analysis, accountants usually make some assumptions and these are;

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2. Variable costs per unit product are kept constant.

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3 0
3 years ago
TryFit Co. uses process costing to account for the production of energy food bars. Direct materials are added at the beginning o
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Answer:

$37,654.00

Explanation:

beginning WIP = $13,000 + $10,000 = $23,000

costs added during the month = $42,000 + $46,000 = $88,000

total materials costs = $55,000

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total conversion costs = $56,000

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3 years ago
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2 years ago
During the second quarter of the year, Wallace Enterprises received $30,000 from customers in exchange for providing electronic
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Answer:

On an income statement, the company would declare c. $21,000 expenses

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